Bilibili (NASDAQ:BILI) Hits New 1-Year High – Here’s What Happened

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) hit a new 52-week high on Wednesday . The stock traded as high as $33.19 and last traded at $32.7960, with a volume of 1250489 shares. The stock had previously closed at $31.40.

Analyst Ratings Changes

A number of brokerages recently weighed in on BILI. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Benchmark lifted their price objective on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Bank of America reduced their target price on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Barclays raised their price target on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, Macquarie began coverage on Bilibili in a report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Stock Up 5.2%

The firm has a market cap of $13.81 billion, a P/E ratio of 132.79 and a beta of 0.66. The firm’s 50-day moving average price is $26.17 and its 200 day moving average price is $25.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Bilibili by 0.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after purchasing an additional 489 shares during the last quarter. Signaturefd LLC increased its position in Bilibili by 5.6% in the 3rd quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after acquiring an additional 503 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Bilibili by 7.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after acquiring an additional 709 shares in the last quarter. Geode Capital Management LLC raised its stake in Bilibili by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock valued at $2,224,000 after acquiring an additional 713 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in Bilibili by 3.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,170 shares of the company’s stock worth $623,000 after acquiring an additional 718 shares during the period. 16.08% of the stock is currently owned by institutional investors and hedge funds.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.